Indiana House bill would offer $150 million for COVID-19 learning recovery
The proposal would allow local schools, universities, and other organizations to apply for $150 million in competitive grants to help students catch up.
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Brokerages limit trading in GameStop, sparking outcry from small investors
Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms.
General Motors to eliminate gasoline and diesel light-duty cars and SUVs by 2035
The electric-vehicle industry has grown exponentially in the past decade but still represents less than 2% of automobiles sold in the United States.
Democrats to ‘act big’ on $1.9T aid package; GOP wants plan split
Despite President Biden’s calls for unity, Democrats said the stubbornly high unemployment numbers and battered U.S. economy leave them unwilling to waste time courting Republican support that might not materialize.
Stocks claw back some lost ground; GameStop shares swing wildly
Investors continued to closely watch the wild swings in GameStop, AMC and several other stocks which have become targets for hordes of online investors who have sent them skyrocketing in recent days, taking on big hedge funds who have bet they will fall.
Indiana Senate passes COVID-19 liability protection bill
Senate Bill 1, authored by Republican Sen. Mark Messmer of Jasper, would shield businesses and individuals from coronavirus civil liability lawsuits unless there was gross negligence or willful or wanton misconduct that could be proven with “clear and convincing evidence.”
Turner Woodard sells majority stake in historic Stutz property
The new majority owner says it plans to retain the Stutz property’s historic character but isn’t yet revealing details about its plans for the 110-year-old downtown complex.
Biden opens sign-up window for uninsured in time of COVID-19
The most concrete short-term impact of Biden’s orders will come from reopening HealthCare.gov insurance markets as coverage has shrunk in the economic turmoil of the coronavirus pandemic.
School funding bill prompts questions about virtual learning
Proposals aimed at ensuring Indiana’s public schools receive full funding for all students during the coronavirus pandemic have prompted criticism from virtual learning supporters and one of the state’s top senators.
Aimee Kandrac: Providing support to friends during a pandemic
Feeling isolated is a huge problem right now, and much of the hands-on support we typically can provide is not advisable for obvious reasons.
Butler to freeze tuition for first time in decades
The Indianapolis university said this will be the first time it has not raised tuition rates since 1983.
Veteran business, political journalist Weaver joins IBJ as managing editor
Greg Weaver’s responsibilities in the IBJ newsroom’s No. 2 leadership position will include coordinating its daily news coverage and e-newsletters, handling social media accounts and editing stories for the weekly print edition.
As Airlines close books on rotten 2020, new year gets off to slow start
On Thursday, Southwest, American and JetBlue reported that they lost a combined $3.5 billion in the final three months of the year. All issued dismal revenue outlooks for the current quarter.
Indiana reports 2,890 new COVID-19 cases, uptick in hospitalizations
The state has reported 288 new deaths over the past seven days, an average of 41.1 per day. That’s down from 389, or 55.6 per day, the previous week.
Drone mailbox developer planning to hire 85 for new Indianapolis office
DroneDek, an Indianapolis-based startup, said it has raised more than $1.25 million to support its upcoming product launch.
Senate committee advances bill to give Indy Eleven more time on stadium project
Senate Bill 385, authored by Republican Sen. Jack Sandlin of Indianapolis, would add two years to a 2019 bill that had called for a new special tax district—known as a professional sports development area—to be established in Marion County by mid-2022.
Lebanon considering creating $13.7M in trails, green space for business park
City officials want to lay the groundwork for a long-term plan creating outdoor amenities for users of Lebanon Business Park and the public at large, including more than 10 miles of trails.
U.S. unemployment claims drop to still-high 847,000
Overall, nearly 4.8 million Americans received traditional state unemployment benefits the week of Jan. 16. That is down from nearly 5 million the week before.
U.S. economy shrank 3.5% in 2020 after growing 4% in final quarter
Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product—its total output of goods and services—slowed sharply in the October-December quarter after a record 33.4% surge in the July-September quarter.
Sugar Factory to open at Circle Centre in former Palomino space
A New York City-based restaurant and candy store chain known for its extravagant desserts, colorful decor and celebrity following is planning to open a location in downtown Indianapolis later this year.
